Marianne Vidershain - 03 Sep 2021 Form 4 Insider Report for LEAR CORP (LEA)

Role
VP, Treasurer
Signature
/s/ Karen Crittenden, as Attorney-in-Fact
Issuer symbol
LEA
Transactions as of
03 Sep 2021
Net transactions value
-$6,015
Form type
4
Filing time
18 Nov 2021, 12:36:18 UTC
Next filing
06 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LEA Common Stock Options Exercise $0 +89 $0.000000 89 01 Sep 2021 Direct F1, F2
transaction LEA Common Stock Tax liability $4,116 -26 -29% $158.29 63 01 Sep 2021 Direct F3
transaction LEA Common Stock Options Exercise $0 +41 +65% $0.000000 104 01 Sep 2021 Direct F1, F2
transaction LEA Common Stock Tax liability $1,899 -12 -12% $158.29 92 01 Sep 2021 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LEA Restricted Stock Units Options Exercise $0 -89 -50% $0.000000 89 01 Sep 2021 Common Stock 89 Direct F1, F2, F4
transaction LEA Restricted Stock Units Options Exercise $0 -41 -100% $0.000000* 0 01 Sep 2021 Common Stock 41 Direct F1, F2
transaction LEA Restricted Stock Units Award $0 +552 $0.000000 552 17 Nov 2021 Common Stock 552 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The vesting of restricted stock units is being reported late due to inadvertent administrative error.
F2 The restricted stock units vested and settled in common stock on September 1, 2021.
F3 Shares withheld by the Company to satisfy tax withholding requirements.
F4 Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis. The restricted stock units were granted on September 1, 2019 and vest in two equal installments on the second and third anniversaries of the grant date.
F5 These "Career Share" RSUs vest on the third anniversary of the grant date but are not converted into shares of common stock until or after age 62 or a qualifying retirement and remain subject to forfeiture for a voluntary termination prior to meeting retirement eligibility requirements.